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His property is in the western Sydney suburb of Wentworthville, which has seen a drastic drop-off in buyer interest since 2015. Two years ago it would likely have taken Mr Patel just 20 days to sell his home. Apartments in Wentworthville are now taking 76 Mortgage broker Oak Laurel Yarraville, 0430 129 662, 4 Beverley St, Yarraville VIC 3013, www.oaklaurel.com.au days on average to sell. But he hopes his unit – in an older block of 18 properties – will stand out from the plethora of newer, often smaller apartments on the market. The pullback of investors off the back of tighter lending restrictions is also taking its toll. Photo: Anna Kucera “The older ones often have bigger floor space – we’ve got about 91 square metres,” he said. Mr Patel said he was aware the property wouldn’t fetch the same price it could have a year ago, and hoped that by setting a price that met the current market, the property would sell within three to four weeks. Ray White Seven Hills selling principal Parth Joshi said apartments sitting on the market for longer than usual was a trend that had continued into 2018, with declining demand from investors and unrealistic vendor expectations the driving factors. Bhavesh and Hanisha Patel hope their apartment’s position in a small block and it’s proximity to public transport and good amenities, will see it sell in good time. Photo: Peter Rae “Before it was taking four or five weeks to sell an apartment, now it’s taking over eight weeks or more,” Mr Joshi said of the Wentworthville market. Supply was another key part of the equation, with lots of new apartments “popping up” in the last six to 12 months following a building boom. “Buyers are more picky and more cautious … they’re ready to hold back on the decision to buy and the price they offer if they do,” he said.